KUALA LUMPUR: Yinson Holdings Bhd quashes speculation that it has accepted a proposed scheme involving the company.
Yinson clarified that its board has yet to approve the proposal despite inadvertently including a signed acceptance page in an earlier announcement.
The clarification follows media reports suggesting that Yinson had accepted the proposed scheme outlined in a proposal letter dated Nov 6.
A consortium led by MISC Bhd, Yinson's founding Lim family (via Yinson Legacy Sdn Bhd) and the Employees Provident Fund recently submitted a formal proposal to take Yinson private in an all-cash deal valued at RM4.03 billion.
